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Takeda gets China's approval for $62 billion Shire purchase

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By Reuters
Takeda gets China's approval for $62 billion Shire purchase
Takeda Pharmaceutical Co's logo is seen at its new headquarters in Tokyo, Japan, July 2, 2018. REUTERS/Kim Kyung-Hoon   -   Copyright  Kim Kyung Hoon(Reuters)
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(Reuters) – Japan’s Takeda Pharmaceutical Co Ltd <4502.T> said on Friday China’s market regulator had approved its $62 billion (47 billion pounds) acquisition of Shire Plc <SHP.L>, bringing it closer to becoming a global top 10 drugmaker.

The deal, which will be the largest overseas purchase by a Japanese company, has already received unconditional clearance from regulators in the United States and Brazil.

(Reporting by Shashwat Awasthi in Bengaluru; Editing by Sai Sachin Ravikumar)

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